Ripple Announces $5M Grant APAC Universities

Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region.

In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will fund universities across six countries, with new grants being allocated to universities in Taiwan and Australia.

UBRI has committed $1.1 million to Yonsei University in South Korea over a six-year partnership. In…